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CrypticNews Hub
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Das Diagramm zeigt die Erholung des Preises #BTC (schwarz), einen abnehmenden prozentualen Rückgang von historischen Höchstständen (rot) und eine zunehmende Anzahl von Walen (blau). Dies deutet auf eine wachsende Akkumulation durch große Inhaber und ein stärkeres Vertrauen in den Markt hin.

Das Diagramm zeigt die Erholung des Preises #BTC (schwarz), einen abnehmenden prozentualen Rückgang von historischen Höchstständen (rot) und eine zunehmende Anzahl von Walen (blau). Dies deutet auf eine wachsende Akkumulation durch große Inhaber und ein stärkeres Vertrauen in den Markt hin.

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Recently, as usual, I was browsing and exploring the Web3 space and came across an interesting project called #UXLINK . UXLINK has already surpassed more than 10 million users! To understand the significance of this achievement, let's clarify what a registered user means. Unlike other Web3 projects, where each unique wallet address is counted as a user, UXLINK uses a different approach. Many people use multiple wallets, and utilizing different addresses for quick gains can distort statistics and complicate reward distribution. Additionally, fake addresses increase the workload on project teams. In #UXLINK , a registered user is someone who has completed three simple steps to verify their authenticity, effectively filtering out fake accounts. This means that in UXLINK, your participation and activity are genuinely acknowledged and rewarded. By engaging with the community and contributing to the project, you establish authentic connections with other users. Such transparency not only instills trust in investors, attracting quality investments, but also strengthens users' confidence in the project's future. I am confident that #UXLINK will continue to delight us with unique services and experiences.
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The volume of Bitcoin ETFs surged to the highest level since May 15, according to data from the seven largest ETFs. When such volume spikes occur, there's a higher chance that prices will reverse. This latest surge most likely was a reaction to buying.
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Morning news from CrypticNews Hub: 1. Witch hunters reported a large number of insider vault addresses discovered as a result of ZK air drops, totaling 2 million ZK. 2. io net: The platform plans to switch to IO Coin payments and will be migrating its backend system during this period. 3. JPMorgan Chase: The market consensus is that Trump will return to the White House. 4. Polygon: The community funding program is officially open for applications, with 35 million MATIC allocated for the first quarter. 5. A wallet inactive for 5 and a half years transferred 8,000 bitcoins to Binance yesterday. 6. Sushi announced the launch of Sushi Labs and published a roadmap. 7. Trump pledged to support cryptocurrency mining businesses. 8. Elon Musk withdrew his lawsuit against OpenAI and its co-founders, Sam Altman and Greg Brockman. 9. Yesterday, the net outflow from the American Bitcoin spot ETF was $200 million, while there was no inflow into BlackRock IBIT. 10. President of ETF Store: The Ethereum spot ETF S-1 may be approved by the end of June, with no reason for delay at the SEC. 11. Billionaire Bill Miller: Bitcoin is still significantly "undervalued." 12. US Senator Elizabeth Warren officially requested the Federal Reserve Chair to lower interest rates. 13. Vitalik: Looking forward to more L2s entering the first stage. 14. SingularityNET, Fetch ai, and Ocean Protocol postponed the token merger date for ASI to July 15.
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The Consumer Price Index (CPI) report for May 2024 will be published on June 12 at 12:30 UTC. Experts expect a 3.4% increase compared to the previous year or a 0.3% increase compared to the previous month. If the figure is lower, it would signal a slowdown in inflation, increasing the likelihood of cryptocurrency growth. If higher, it would signal that inflation is still a concern, increasing the likelihood of cryptocurrency decline.
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Liquidations in DeFi are still not significantly observed. Historically, when liquidations of Aave and Compound sharply increase, as we see in these charts, market recovery immediately follows due to immediate forced selling followed by opportunistic purchases by key participants. Bullish traders anticipate these liquidations as a sign that $BTC could quickly return to $70K and $ETH to $4K, respectively.
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